BitMine says $13B ETH holdings could generate $400M annual revenue; MrBeast stake may return 10x
BitMine chairman Thomas Lee told shareholders the company’s roughly $13 billion in Ethereum (ETH) assets could produce over $400 million in pre-tax annual revenue, primarily via staking. Lee said recent ETH purchases may have saved the firm about $400 million, though the company still carries about $2.3 billion in unrealized losses since beginning ETH acquisitions in July. Lee also described BitMine’s $200 million investment in MrBeast’s Beast Industries as a "no-brainer," forecasting a potential 10x return and emphasizing the strategic value of connecting Ethereum with younger audiences through the creator. The remarks were made at a shareholder meeting and reflect BitMine’s dual strategy of monetizing ETH via staking while pursuing media/creator partnerships to broaden Ethereum’s reach.
Bullish
The news is bullish for ETH and related markets for several reasons. First, a large miner/institution (BitMine) publicly positioning $13B of ETH as a revenue-generating asset via staking signals stronger long-term institutional demand and utility for ETH, which can support price discovery and reduce available liquid supply if staking uptake rises. Second, the high-profile investment in MrBeast’s Beast Industries frames ETH exposure as a consumer-facing growth play, potentially increasing mainstream adoption and on-chain activity among younger users. Although BitMine reports $2.3B in unrealized losses — a short-term pressure point — the company’s focus on generating recurring staking revenue ($400M/year pre-tax) and strategic partnerships suggests resilience and a shift toward monetization over quick sell-offs. Historically, large institutional accumulation combined with staking narratives has been associated with bullish price effects over medium to long term (months to years), while short-term volatility may persist following disclosures of unrealized losses or large position changes. Traders should expect potential positive sentiment for ETH, increased interest in staking services, and occasional pullbacks as market digests the unrealized-loss context.